Board approves auditor appointments, secretarial auditor resigns

Auditor Resigned MidtermManagement Changes View source PDF

MODINATUR · price

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AI summary

Board approved appointment of B. Chhawchharia and Co as Statutory Auditors for 5 years, VMSS and Associates as Internal Auditors and re-appointment of Manisha and Associates as Cost Auditors for FY 2026-27. Secretarial Auditor Deepak Bansal and Associates resigned for personal reasons, replaced by A.K. Verma and Co for 5 years. Same change at wholly owned subsidiary Modi Biotech. 52nd AGM set for 31 July 2026 via video conferencing.

Likely market impact

Routine governance changes. Secretarial auditor exit was for personal reasons, not governance concerns. No material stock impact expected.